AI Boom Leaves Crypto Tokens in the Dust

The AI sector is booming, but its corresponding crypto tokens are lagging behind. In May, Anthropic raised $65 billion at a $965 billion valuation, while the entire AI-coin sector is worth around $25 billion.

Nvidia reported $96.2 billion in quarterly revenue in July, up 106% from a year earlier. This disconnect between the AI market and its crypto tokens is striking: capital is pouring into AI, yet most major AI-related cryptocurrencies remain 70%-90% below their 2024-2025 highs.

The reason may be where investors see value. Venture capital is increasingly targeting AI infrastructure, compute, agents, and other businesses with measurable revenue rather than simply buying the tokens attached to the AI narrative.